Can I retire at age 68 with 18,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,482,249
2 years$768,558$754,244$740,372$726,922$713,875$696,873
3 years$507,282$492,907$479,070$465,746$452,912$436,324
4 years$376,670$362,339$348,640$335,544$323,021$306,975
5 years$298,323$284,078$270,559$257,730$245,555$230,099
6 years$246,109$231,971$218,652$206,108$194,299$179,451
7 years$208,828$194,809$181,701$169,453$158,017$143,783
8 years$180,880$166,987$154,097$142,150$131,091$117,470
9 years$159,154$145,392$132,723$121,080$110,397$97,384
10 years$141,783$128,156$115,711$104,372$94,064$81,650
11 years$127,580$114,090$101,870$90,835$80,898$69,073
12 years$115,753$102,401$90,407$79,675$70,105$58,856
13 years$105,753$92,541$80,773$70,341$61,133$50,446
14 years$97,189$84,117$72,575$62,441$53,589$43,449
15 years$89,773$76,842$65,525$55,686$47,184$37,576
16 years$83,291$70,501$59,408$49,861$41,701$32,608
17 years$77,577$64,929$54,059$44,800$36,975$28,379
18 years$72,504$59,997$49,349$40,373$32,876$24,761
19 years$67,971$55,605$45,177$36,481$29,303$21,650
20 years$63,895$51,671$41,461$33,040$26,174$18,964
21 years$60,213$48,129$38,136$29,986$23,423$16,638
22 years$56,870$44,927$35,148$27,264$20,996$14,618
23 years$53,822$42,019$32,453$24,830$18,847$12,858
24 years$51,032$39,369$30,014$22,647$16,940$11,322
25 years$48,469$36,946$27,799$20,682$15,243$9,978
26 years$46,108$34,723$25,782$18,911$13,731$8,801
27 years$43,925$32,679$23,941$17,309$12,379$7,769
28 years$41,901$30,793$22,256$15,859$11,170$6,861
29 years$40,021$29,050$20,711$14,543$10,086$6,063
30 years$38,269$27,434$19,292$13,347$9,114$5,360
31 years$36,633$25,935$17,985$12,258$8,240$4,741
32 years$35,103$24,539$16,780$11,266$7,453$4,195
33 years$33,668$23,239$15,668$10,360$6,745$3,713
34 years$32,321$22,026$14,639$9,532$6,107$3,287
35 years$31,053$20,891$13,687$8,775$5,531$2,911
36 years$29,859$19,828$12,804$8,081$5,012$2,579
37 years$28,732$18,833$11,984$7,446$4,542$2,284
38 years$27,666$17,898$11,222$6,863$4,118$2,024
39 years$26,658$17,019$10,514$6,328$3,734$1,794
40 years$25,703$16,192$9,855$5,837$3,387$1,590
41 years$24,796$15,413$9,241$5,385$3,073$1,410
42 years$23,935$14,679$8,668$4,970$2,788$1,250
43 years$23,116$13,986$8,134$4,588$2,531$1,108
44 years$22,337$13,332$7,635$4,236$2,297$983
45 years$21,594$12,713$7,169$3,912$2,085$871
46 years$20,886$12,128$6,733$3,614$1,893$773
47 years$20,210$11,574$6,326$3,338$1,719$685
48 years$19,564$11,049$5,945$3,085$1,561$608
49 years$18,946$10,551$5,588$2,851$1,418$539
50 years$18,355$10,079$5,253$2,635$1,288$478

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $18,800,000, adding $2,621 every year, while hoping to spend $36,016 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 67/14/19 Blend
67$18,800,000$18,800,000$18,800,000$18,800,000
68$20,720,304$19,723,904$19,432,504$22,010,924
69$22,795,454$20,652,054$20,045,172$23,803,052
70$25,081,062$21,624,477$20,677,157$25,757,616
71$27,598,558$22,643,303$21,329,069$27,894,123
72$30,371,553$23,710,768$22,001,535$30,230,458
73$33,426,069$24,829,213$22,695,205$32,786,305
74$36,790,780$26,001,096$23,410,745$35,583,326
75$40,497,281$27,228,992$24,148,847$38,645,366
76$44,580,392$28,515,600$24,910,221$41,998,666
77$49,078,479$29,863,752$25,695,602$45,672,118
78$54,033,825$31,276,417$26,505,745$49,697,522
79$59,493,021$32,756,707$27,341,433$54,109,890
80$65,507,408$34,307,885$28,203,470$58,947,766
81$72,133,565$35,933,372$29,092,688$64,253,592
82$79,433,838$37,636,757$30,009,943$70,074,095
83$87,476,933$39,421,802$30,956,119$76,460,728
84$96,338,561$41,292,450$31,932,129$83,470,152
85$106,102,152$43,252,838$32,938,913$91,164,758
86$116,859,646$45,307,302$33,977,442$99,613,258
87$128,712,360$47,460,390$35,048,716$108,891,320
88$141,771,941$49,716,870$36,153,769$119,082,284
89$156,161,424$52,081,741$37,293,664$130,277,932
90$172,016,389$54,560,246$38,469,502$142,579,357
91$189,486,245$57,157,883$39,682,415$156,097,902
92$208,735,639$59,880,415$40,933,572$170,956,209
93$229,946,007$62,733,889$42,224,180$187,289,365
94$253,317,292$65,724,641$43,555,482$205,246,169
95$279,069,827$68,859,320$44,928,762$224,990,532
96$307,446,416$72,144,894$46,345,343$246,703,011
97$338,714,629$75,588,672$47,806,590$270,582,502
98$373,169,324$79,198,319$49,313,913$296,848,113
99$411,135,429$82,981,872$50,868,764$325,741,221
100$452,971,017$86,947,757$52,472,642$357,527,734